Are EISs suitable for your clients?

First of all, for whom is the Enterprise Investment Scheme (EIS) suitable? The EIS has a cocktail of tax benefits and, of course, it is most appropriate for someone who can make use of the maximum tax breaks. The EIS is effectively the “only place to go” to defer a capital gains tax (CGT) liability, so clients with CGT bills are the number one prospect. If, in addition, they are older and looking to shelter part of their estate from IHT, so much the better. In fact, combining CGT deferral and IHT is one of the most powerful tax planning tools – effectively killing two taxes with one i...